Metropolitan Association for Improving the Dwellings of the Industrious Classes information
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Metropolitan Association for Improving the Dwellings of the Industrious Classes
Company type
Public
Industry
Housing
Founded
1841
Founder
Thomas Southwood Smith, Lord Howard, Viscount Ebrington, Lord Haddo, Sir Ralph Howard
Fate
Dissolved
Successor
Metropolitan Property Association
Headquarters
London
Products
Model dwellings
In London, the Metropolitan Association for Improving the Dwellings of the Industrious Classes (MAIDIC) was a Victorian-era, philanthropically-motivated model dwellings company. The association, established in 1841, was fore-runner of the modern housing association which sought to provide affordable housing for the working classes on a privately run basis, with a financial return for investors. Although not the first society to build such homes, the Association was the first to be founded expressly for this purpose.[1] As such it was one of the earliest adopters of the principal of the five per cent philanthropy model, outlined in the Company's resolution: "that an association be formed for the purpose of providing the labouring man with an increase of the comforts and conveniences of life, with full return to the capitalist."[1]
^ abTarn, J. N. (1973) Five Per Cent Philanthropy. London: CUP
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